Verizon CEO: We expected iPhone 5 in Early summer, Now Planning For Fall

Incoming Verizon CEO Lowell McAdam, conversing on CNBC these days, stated that income increase prior to now quarter had been impacted for the reason that next iPhone hasn’t been released yet.

We had assumed that we might see an iPhone early within the summertime as it can be been usually, and that’s going to be a bit bit later in the 12 months now.

In a convention name with analysts nowadays, McAdam steered analysts take a look at with Apple on when the subsequent iPhone will come out — however anticipated it this fall:

we are probably what i’d view as perhaps 1 / 4 in the back of what we had pointed out in January, basically as a result of we expected an iPhone 5 refresh someday this summer.

We don’t know when the next one goes to return out. you’ll have to ask Apple that, but we predict that most likely sometime within the fall, and i believe you will see a significant bounce there when we get to that point.

Later in the CNBC interview, McAdam discusses Verizon’s change to tiered information plans for smartphones, noting that streaming video is the principle cause they dropped limitless data plans:

We simply transformed over to tiered pricing, data tiered pricing, as a result of we see a huge wave of video coming. that is going to take a lot more capability within the particular person networks, and so i believe for a lot of customers that is not going to be a subject matter from a revenue perspective. however, for the heavy users, we do see the revenue go up significantly.

Lowell McAdam is the present COO of Verizon and can be replacing current CEO Ivan Seidenberg.